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the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 6 Shares and Distributions
271B.6.260 Shares without certificates.
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271B.6-260 Shares without certificates.
(1) Unless the articles of incorporation or bylaws provide otherwise, the board of
directors of a corporation may authorize the issue of some or all of the shares of any <br>or all of its classes or series without certificates. The authorization shall not affect <br>shares already represented by certificates until they are surrendered to the <br>corporation.
(2) Within a reasonable time after the issue or transfer of shares without certificates, the
corporation shall send the shareholder a written statement of the information <br>required on certificates by subsections (2) and (3) of KRS 271B.6-250 and, if <br>applicable, KRS 271B.6-270.
Effective: January 1, 1989 <br>History: Created 1988 Ky. Acts ch. 23, sec. 43, effective January 1, 1989.
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